Updated Oct 29, 2024
Greenwater Investments Sells 408-Unit Multifamily Property In Fort Worth, Texas
9001 South Normandale Street, Fort Worth, TX, USA
Building Size
239,659 SF
Asset Type
MultiFamily
Closing
Jan 13, 2021
About this deal
AI
A multifamily property located at 9001 S. Normandale Street in Fort Worth has been sold. The property consists of 408 units and spans across 22 acres. The transaction took place on 01/14/2021.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 9001 S. Normandale Street, Fort Worth
- Market: Fort Worth
- Units: 408
- Acres: 22
The seller of the property was Greenwater Investments. The broker representing the seller in this deal was Al Silva from Marcus & Millichap.
Players
Fort Worth MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93